If Php 25,000 is invested at an annual interest rate of 12% compound a. annually b. quarterly c. monthly what is the amount after 2 years? How much interest is earned in each case?

Q: What lump sum do parents need to deposit in an account earning 14%, compound monthly, so that it…

A: Compound interest: Formula : A=P 1+rnnt, where A is the amount P is the principal or the invested…

Q: 6700 dollars is placed in an account with an annual interest rate of 8.25%. How much will be in the…

A: In the question it is asked to calculate the total amount generated in account.

Q: If Tina wants to earn 10% annual simple interest on an investment, how much should she invest to…

A: This question is based on simple interest formula.

Q: If a nine-month term deposit at a bank earns a simple interest of 9% per annum, how much will have…

A: Simple interest: As the name indicates it is a simple interest computed on the amount of principal.…

Q: The sum of Php 15,000 was invested for 3 years at 9% interest compounded semiannually (a) how much…

A: Given that : Principal (P) = 15000 Rate (r) = 9 % annually... For semiannually rate becomes  9/2 %…

Q: Determine the amount of money accumulated after 5 years if $2, 000 is invested in an account that…

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Q: You deposit $400 each month for 17 years into an account earning 6% interest compounded monthly.…

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Q: Sarah deposited $6,800 in an account paying 2.5% per annum compounded semi-annually. How much will…

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Q: ou can afford monthly deposits of $190 into an account that pays 4.2% compounded monthly. How long…

A: Given information -  Monthly deposits = $190 Rate of interest = 4.2% The interest is compounded…

Q: How many years will the Php 10,000 become Php 15,000 if it is invested in an instrument that offers…

A: We have to find how many years will the $10,000 become $15,000 if it is invested in an instrument…

Q: A man earns GH¢3,840.00 per annum and pays an income tax of GH¢48.00 per month. What percentage of…

A: We will have need to calculate the tax given in a year

Q: A credit card has a compound interest rate of 22.5% per year on overdue balances. How much interest…

A: According to question given thatCredit card interest rate= 22.5% per yearBalance= $485.00

Q: If money is worth 9% compounded annually, find (a) the present value of Php 24,000 due in 8 years…

A: Given that: Money worth 9% compounded annually. Future amount : Php 24000 Time : 8 years

Q: How long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at 9.5% per…

A: To find how long it will take if Php 15,000 amounted to 30,000 as simple interest is calculated at…

Q: If a nine-month term deposit at a bank earns a simple interest rate of 9% per annum, how much should…

A: Given: The value of r is 9%

Q: If Ms. Nabilog invests Php 1,000 in a savings account that offers an interest of 9% compounded…

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Q: How many years if the computed total conversion periods is 51 when compounded quarterly?

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Q: 1. What are the compound amount and interest if Php 6,000 is invested at 2% compounded monthly for 2…

A: Given that, Php 6,000 is invested at 2% compounded monthly for 2 years.

Q: A person borrowed 500,000 pesos at an interest rate of 18% compounded monthly. Monthly payments of…

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Q: How much interest will be charged on ₱ 7,300 borrowed for (3) years at a simple interest rate of 12%…

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Q: Suppose that RM9,000 is deposited for 6 years in an account paying 8.31% per year compounded…

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Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

Q: How much money should be deposited in an account paying 6% interest compounded monthly in order to…

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Q: Suppose a new car is purchased for $68,000 and depreciates by 22% over the first year of ownership.…

A: Given query is to find the amount deprecated per mile.

Q: Find the present value of 1,200 due in 3 years and 9 months if money is for 10%, compounded…

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Q: Which of the following is the present value of PHP 1,280,000 due in 5 years if the money is worth…

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Q: Aubree invested $8,300 in an account paying an interest rate of 2.2% compoùnded quarterly. Assuming…

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Q: If a bank pays 11% compounded monthly, how much should be deposited now to have $1100 in 6 years…

A: Let the amount to be invested be P (principal)

Q: What amount of money will accumulate to $83,000 in 1 year and 3 months at the interest rate of 2.12%…

A: Given Principal (P) =83000 Rate of interest (R) =2.12% Time (T) =1 year 3 months

Q: If 5000 dollars is invested in a bank account at an interest rate of 4 percent per year,

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Q: Based on making 46000 a year and saving 16% of that monthly income what is the monthly amount that…

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Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

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Q: 3600 dollors is placed in an account with an annual interest rate of 9%.How muh will be in the…

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Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

Q: If $5,700 is loaned for 16 months at a 12% annual rate, how much interest is earned?

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Q: An account that yields 6% simple interest annually has $2,000. How much will be in the account after…

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Q: How much should be deposited in an account every 6 months in order to have Php 3.75 million in 5…

A: i)

Q: Suppose you deposit $500 at the end of each quarter into an account that pays 3% annual…

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Q: Lori buys a $411 certificate of deposit (CD) that earns 4.6% interest that compounds monthly.  How…

A: Monthly interest rate and future value will be calculated using the formula,

Q: A Php 500,00.00 trust-fund was set up and to be used by an 8-year old niece when she goes to…

A: It is given that, Principle value , P=50000 Time =10 years Interest Rate, r=9.75%=0.0975 Since,…

Q: Determine the amount of money accumulated after 15 years if $1, 000 is invested in an account that…

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Q: If $5000 is loaned for 5 months at a 5% annual rate, how much interest is earned?

A: Given: principal amountp=$5000, rate of interestr=5% per year and timet=5 months we know that simple…

Q: to the nearest cent.) $550 is deposited monthly for 14 years at 3% per year

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Q: if $230 is invested for one year at 5% interest rate, how much interest is earned

A: Given:$230 is invested for one year at 5% interest rate.

Q: What nominal rate, compounded semi-annually, yields the same amount as 16% compounded quarterly?

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Q: Mr. Jolo deposited an amount of P20,000.00 in a bank that gives 3% annual interest compounded…

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Q: In what time will Php 15,000 amount to 30,000 if simple interest is calculated at 9.5% per annum?

A: Given Principle (P) = Php15000 Amount (A) = Php30000 Rate (R) = 9.5%

Q: If 15,000 is to be accumulated to50,000 in 5 years, what is the ratecompounded (A) quarterly? (B)…

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